Brazil: February/23 ends with corn exports almost 3 times higher than in 2022

Brazilian corn exports ended February 2023 accounting for shipments of 2,276,898.3 tons of unground corn (except sweet corn), according to data released by the Foreign Trade Secretariat (Secex). Therefore, the accumulated volume in the 18 working days of the month represents 196.3% more than the total of 768,396.6 tons that were exported during the entire month of February 2022. As a result, the daily average of shipments was 126,499.4 tons, which, compared to the same period last year, represents an increase of 212.8% compared to 40,441.9 in the second month of 2022. For the February total, the National Association of Cereal Exporters (Anec) estimated that Brazil would export 1.95 million tons, a volume that ended up being surpassed by 16.7%. The Céleres analyst believes that Brazil should continue with a large volume of shipments in the second half and end the cycle with 50 million tons exported by February 2024. “The volume will be fostered both by traditional Brazilian markets ...